NEW YORK (AP) — Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20% in their U.S. stock market debut Friday. The Chinese company, which opened its first store in Beijing less than two years ago, has 2,370 locations and plans to surpass the 3,700 stores Starbucks has in...

FILE - In this Friday, March 29, 2019 file photo, Lyft co-founders John Zimmer, front second from left, and Logan Green, front second from right, cheer as they as they ring a ceremonial opening bell in Los Angeles, to mark trading on the Nasdaq exchange under the ticker symbol "LYFT." A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers. But in one way it has been good for investors who snatched up the newly public companies' stock: The losses have scared off the competition, giving the leaders a duopoly in almost every American city. (AP Photo/Ringo H.W. Chiu)

SAN FRANCISCO (AP) — A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers. But in one way it has been good for investors who snatched up the newly public companies' stock: The losses have scared off the...

Wall Street capped a turbulent week with a late-day rally Friday after shaking off an early slump triggered by the latest escalation in the trade war between the U.S. and China. The market fell sharply in the early going after the U.S. raised tariffs on $200 billion worth of Chinese goods when...

Uber CEO Dara Khosrowshahi, third from left, takes a photograph as he attends the opening bell ceremony at the New York Stock Exchange, as his company makes its initial public offering, Friday, May 10, 2019. (AP Photo/Richard Drew)

NEW YORK (AP) — Uber began trading as a public company at $42 per share Friday, nearly 7% below its initial public offering price on an already volatile day for the markets. The ride-hailing giant priced shares in the IPO Thursday at $45 each, raising $8.1 billion and giving the company a valuation...

FILE - This March 20, 2018, file photo shows the Uber app on an iPad in Baltimore. Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years. Uber's shares begin trading on the New York Stock Exchange, Friday, May 10, 2019. (AP Photo/Patrick Semansky, File)

SAN FRANCISCO (AP) — Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years. The world's leading ride-hailing service set the stage for its long-awaited arrival on the stock market by pricing its initial public offering at $45 per share late...

Annette Ribero, left, of San Jose, and Jeff Terry, of Sacramento, hold signs during a demonstration outside of Uber headquarters Wednesday, May 8, 2019, in San Francisco. As Uber executives lure investors to infuse the company with billions of dollars ahead of the largest technology IPO this year, the men and women behind the wheels of the largest ride-hailing companies are pushing for higher wages and recognition for their role in building the companies. (AP Photo/Eric Risberg)

NEW YORK (AP) — The executives at Uber are working hard to design a future where the company earns billions of dollars by allowing riders to summon fully automated robotaxis. Until then, they must rely on an army of human drivers — nearly 4 million across the globe — to keep the business humming...

NEW YORK (AP) — Lyft is reporting strong revenue growth but substantial losses in its first quarterly earnings report since its rocky stock market debut. The ride-hailing company posted revenue of $776 million during the first quarter of 2019, nearly doubling the amount it made the same time last...

FILE - In this May 8, 2018, file photo, a Waymo logo is displayed on the door of a car at the Google I/O conference in Mountain View, Calif. Google's self-driving car spinoff Waymo is teaming up with Lyft in Arizona to attempt to lure passengers away from ride-hailing market leader Uber. (AP Photo/Jeff Chiu, File)

SAN FRANCISCO (AP) — Google's self-driving car spinoff Waymo is teaming up with Lyft in Arizona to attempt to lure passengers away from ride-hailing market leader Uber. The alliance announced Tuesday will allow anyone with the Lyft app in the Phoenix area to summon one of the 10 self-driving Waymo...

FILE - In this June 21, 2017, file photo a man walks into the building that houses the headquarters of Uber in San Francisco. Uber and at least five other major California companies are scheduled to go public this year, and when it happens it will produce a tax windfall for state government. (AP Photo/Eric Risberg,File)

SACRAMENTO, Calif. (AP) — Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires and a welcome quandary for the state's budget writers. Though it's tough to gauge the...

FILE- In this Sept. 5, 2018, file photo Uber CEO Dara Khosrowshahi is interviewed after the company's unveiling of the new features, in New York. Uber's CEO is barring his predecessor from taking part in the opening-bell ceremony at the New York Stock Exchange next week, when the ride-sharing company is expected to make its hotly anticipated stock market debut. In a report published Friday, May 3, 2019, The New York Times cites unnamed sources who say Uber CEO Dara Khosrowshahi has decided that Travis Kalanick is not welcome to share the balcony of the NYSE when Uber begins trading as a public company. (AP Photo/Richard Drew, File)

NEW YORK (AP) — Uber's CEO is barring his predecessor from taking part in the opening-bell ceremony at the New York Stock Exchange next week, when the ride-hailing company is expected to make its hotly anticipated stock market debut. In a report published Friday, The New York Times cites unnamed...